The amount you can access depends on your age, home value, and which lender you use. Enter your details below — results update live, no email required.
Reflects actual CHIP and Equitable Bank underwriting — the older you are, the more you can access.
Unlike a regular mortgage where income and credit score dominate, a reverse mortgage is primarily determined by age and home value. The older the youngest borrower, the higher the percentage of equity you can access. Here's why: the lender must ensure the loan plus compound interest doesn't exceed the home's value over your expected remaining lifetime. Older borrowers have a shorter expected loan duration, so lenders can safely advance more.
| Age | Approx. max LTV | $700K home example | $1M home example |
|---|---|---|---|
| 55 | ~15% | ~$105,000 | ~$150,000 |
| 60 | ~25% | ~$175,000 | ~$250,000 |
| 65 | ~33% | ~$231,000 | ~$330,000 |
| 70 ← most common | ~41% | ~$287,000 | ~$410,000 |
| 75 | ~46% | ~$322,000 | ~$460,000 |
| 80 | ~52% | ~$364,000 | ~$520,000 |
| 85+ | ~55–59% | ~$385–413K | ~$550–590K |
Approximate figures. Actual LTV varies by property type, location, and lender assessment.
We compare CHIP and Equitable Bank to find your best rate. FSRA Licence #13576. No obligation, no pressure.